You’re not alone! These terms are frequently used in banking, but many people often mix them up. Understanding the difference is important not only for bankers but also for customers to ensure smooth onboarding and regulatory compliance.
KYC – Basic customer verification
CKYC – One-time centralized KYC with a 14-digit ID
e-KYC – Aadhaar-based digital verification
V-KYC – Video-based remote verification
Re-KYC – Periodic update of customer information
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Banking awareness made simple.
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